US food behemoth Kraft has finalised its acquisition of German confectioner Stollwerck’s Central European and Russian sweets business.
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The price of the deal was not disclosed.
Kraft and Stollwerck agreed the deal in August, and Kraft has already effectively taken over the German manufacturer’s activities in Poland and Russia. It will now extend this to Stollwerck’s Hungarian subsidiary.
The deal brings Kraft an additional US$150m in annual revenues.
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